Lexus backs proposed Australian emission standards… with changes

AutoExec Summary
Lexus Australia supports the proposed New Vehicle Efficiency Standard (NVES) but wants specific amendments. CEO John Pappas wants changes to targets, timeframes, technology credits, and penalty regime. The NVES aims to reduce CO2 emissions and will affect new passenger and light commercial vehicles by 2025. Option B is the preferred model, with penalties for exceeding CO2 targets. Brands mentioned: Lexus, GX, NX.